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During the first quarter of 2012, the Lyxor Hedge Fund Index was up 1.5% (-0.5% in March), characterised by increased dispersion among Hedge Fund strategies in March: +0.6% for Lyxor Merger Arbitrage Index vs -0.35% for Lyxor Special Situations Index within Event-Driven space, -1.6% for Lyxor L/S Equity Variable Bias Index vs +0.6% for Lyxor L/S Equity Long Bias Index.
A key driver of hedge fund performance during March 2012 was the divergence of economic fundamentals. The US economy continues to exhibit moderate growth, while Europe and the Emerging economies show signs of softening relative to expectations. The generally better
Gottex Fund Management’s entire product lone posted positive performance for March year to date, according to the company’s latest trading statement. The results saw Gottex increase its outperformance against its benchmarks.
Total fee-earning assets for the group increased by 3.1% to USD 7.6 billion compared to USD 7.3 billion at 31 December 2011, as a result of positive performance and subscriptions of USD350 million at Gottex Fund Management and LUMA GSS.
Gottex’s flagship market neutral plus product is expected to regain its high water mark in Q2 2012 and would then start accruing performance fees.
The firm has reported a
The transition to a new party leadership in 2012 should facilitate bolder reform and further unlock China’s growth potential, says Yiqian Jiang, fund manager, DWS Invest Chinese Equities fund…

We believe that fears of an economic hard-landing will prove unwarranted as the Chinese economy is poised to complete the last stage of “soft-landing” in first half of 2012, setting the stage for recovery in the second half of the year. Macro policy crossed an inflection point in the fourth quarter of 2011, turning from tightening to moderately accommodative. We expect policy turnaround to precede economic change by around six months, when the
The Securities and Exchange Commission has charged twin brothers from the UK with defrauding approximately 75,000 investors through an Internet-based pump-and-dump scheme. According to the SEC allegations, the brothers touted a fake “stock picking robot” that purportedly identified penny stocks set to double in price. Instead, they were merely touting stocks they were being paid separately to promote.
The SEC alleges that Alexander John Hunter and Thomas Edward Hunter were just 16 years old when they set their fraud in motion beginning in 2007. They disseminated e-mail newsletters through a pair of websites they created to tout stocks selected by
London and more specifically the Core West End, still ranks as the number one destination for hedge funds in Europe according to “Hedging the Risk”, a new research report from Jones Lang LaSalle.
Andrew Barnes, director in Jones Lang LaSalle’s West End Agency team, says: “Hedge funds experienced a challenging 2011 and activity was muted however they still paid some of the highest rents in London.
“There has also been a definite change in where Hedge fund managers will consider looking with some now prepared to consider alternative locations to keep occupational costs in check, particularly if the building has
Guernsey’s zero-10 corporate tax regime has been deemed harmful by the EU’s Code of Conduct Group on Business Taxation.
The Code Group had previously ruled similarly in relation to both the zero-10 regimes of both Jersey and the Isle of Man.
Guernsey had argued that the offending element from the Jersey and Isle of Man regimes, known as deemed distribution, was different in its tax system to the extent that the Island’s zero-10 regime was actually compliant with the Code Group’s criteria.
However, on the day following a General Election in the Island, a statement from Guernsey’s Policy Council said:
Amidst ongoing Eurozone concerns and uncertainty surrounding Spain, Schroders’ Head of Global Macro, Bob Jolly, discusses his tactical approach in light of his outlook for the global fixed income markets…
The risks to growth expectations could go either way, so we expect markets to remain nervous and levels of volatility to remain elevated. We believe the best approach in this environment is to trade tactically instead of taking any significant strategic positions.
However, we are still taking a strategically positive view on the prospects for US growth. We are less bullish about the US economy than we were a month ago, but
JP Morgan Asset Management has moved swiftly with an announcement this week that it has gone live with Key Investor Information Documents (KIID) for its Lux-domiciled suite of UCITS funds.
San Francisco-based Matthews International Capital Management LLC, America’s largest dedicated Asia investment specialist, has started to offer a number of its Lux-domiciled UCITS on <
London-based Kestrel Investment Partners announced this week the launch of a new global multi-asset UCITS IV fund; the Kestrel Global
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